Dáil debates
Tuesday, 25 June 2019
Summer Economic Statement 2019: Statements
8:50 pm
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
That would be after the stabilisers have occurred.
I want to address another point made by the Deputy and touched on by Deputy Pearse Doherty. The point of the summer economic statement is not to make budget day decisions or indicate their detail; it is only to provide resources available and overall statements on what we are likely to do from a policy point of view.
That figure is after the stabilisers have been used. As to whether we have modelled the second and third order effects of using the stabilisers, that is very difficult. We are dealing with an event against which the forecasting and economic models of any department of finance would have limitations, given how unique Brexit would be, were it to occur.
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